Air Quality Monitoring System Market

The global air quality monitoring system market size was valued at USD 3.9 billion in 2020 and expanding at a CAGR of 6.5% during the forecast period, 2021–2028. The growth of the market is attributed to rising levels of pollutants in the environment as well as strict government rules and regulations for pollution monitoring.

Air quality monitoring system is a year-round facility that continually measures concentrations of air pollutants (such as SO2, NOx, CO, O3, and THC), particle matter, wind speed, direction, as well as other meteorological factors. Air pollution is a significant danger to the environment's equilibrium. It has a large impact on the climate, causing acid rain, increased toxicity, and global warming, among other things.

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Catastrophe such as the Bhopal gas leak tragedy and the Aliso Canyon accident have raised awareness about the need of monitoring contaminants in the atmosphere. For instance, Clean Air Partners has installed monitoring systems around the Baltimore-Washington region, providing real-time and anticipated air quality data. Correspondingly, these collaborations aim to create sensor networks and sophisticated systems.

The COVID-19 pandemic has caused wreaked havoc on people's lives across nations and communities. The supply and distribution networks were also largely disrupted owing to travel restrictions imposed by the lockdown and a drop-in sales activity. However, the emission from vehicles is a major contributor of pollution as they normally emit harmful substances such as particulate matter, carbon monoxide, and sulphur dioxide. Particulates are particularly carcinogenic and they may penetrate deep into the lungs and circulation, causing lasting DNA alterations and perhaps heart attacks. As a result, governments have taken steps to reduce pollution emissions into the atmosphere.

Market Trends, Drivers, Restraints, and Opportunities

• Expanding government environmental policies such as providing funding for the construction of air quality monitoring systems are expected to boost the market growth.
• Rigorous policies to implement workplace environment safety is anticipated to propel the market share during the forecast period.
• Development of wireless communication, crowdsourcing, and rising public consciousness about environmental conservation are key factors driving the market growth.
• High purchase costs and expenditures associated with system maintenance are projected to limit market expansion to some extent.
• Continuous research and development as well as the commercialization of advanced air quality monitoring systems are expected to provide significant growth opportunities for both established and new companies.

Scope of Air Quality Monitoring System Market Report

The report on the global air quality monitoring system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Air Quality Monitoring System Market Segment Insights

Hardware segment to constitute a key market share

In terms of components, the air quality monitoring system market is segregated into software, services, and hardware. The hardware segment is further classified as processors, output devices, and sensors. The hardware segment is expected to account for a key market share during the forecast period due to real-time apps and contemporary designs. Moreover, the software segment is projected to constitute a large market share owing to increasing demand for these devices from different authorities.

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Chemical segment is expected to grow at a rapid pace

Based on pollutants, the market is bifurcated into physical and chemical. The chemical segment is further categorized into carbon oxides, volatile organic compounds, nitrogen oxides, sulfur oxides, and others. The chemical segment is expected to grow at a rapid pace due to the growing vehicular emission from the chemical industry.

Carbon oxides is a major agent responsible for increasing the number of companies and cars, both of which are important sources of CO2 emissions. However, the physical segment is estimated to become a fast-growing segment during the forecast period owing to rising awareness regarding the health and environment.

Out-door segment is projected to expand at a considerable CAGR

On the basis of product types, the air quality monitoring system market is bifurcated into out-door and in-door monitoring systems. The out-door segment is further divided into portable indoor systems and fixed indoor systems. Meanwhile, the in-door segment is further classified as portable indoor systems and fixed indoor systems.

The out-door segment is projected to expand at a considerable CAGR during the forecast period owing to strict government regulations for the adoption of air quality monitoring systems in industries such as oil & gas and pharmaceuticals. Furthermore, the in-door segment is anticipated to account for a major market share during the forecast period owing to the rise in popularity of green buildings and smart homes.

Industrial segment to grow at a fast rate

Based on end-users, the market is segregated into commercial, residential, and industrial. The industrial segment is further categorized as manufacturing, food & beverages, pharmaceuticals, healthcare, oil & gas, and others. The industrial segment is projected to grow at a fast rate during the forecast period due to the increase in the use of air quality monitoring systems by various businesses in response to severe regulatory demands. The commercial segment, however, is estimated to grow at a rapid pace in the coming years owing to the growing side-effects of air pollution on commercial spaces.

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the air quality monitoring system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the Asia Pacific is expected to constitute a key share of the market during the projected period due to the rising prevalence of respiratory and cardiovascular disorders in the region. However, the market of North America is anticipated to expand at a rapid pace during the forecast period due to stringent requirements from governments’ policies to have imposed for monitoring air quality.

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Segments

The global air quality monitoring system market has been segmented on the basis of

Components

• Software
• Services
• Hardware
  • Processors
  • Output devices
  • Sensors

Pollutants

• Physical
• Chemical
  • Carbon Oxides
  • Volatile Organic Compounds
  • Nitrogen Oxides
  • Sulfur Oxides
  • Others

Products

• Outdoor Air Quality Monitoring Systems
  • Portable Indoor Systems
  • Fixed Indoor Systems
• Indoor Air Quality Monitoring Systems
  • Portable Indoor Systems
  • Fixed Indoor Systems

End-users

• Commercial
• Residential
• Industrial
  • Manufacturing
  • Food & Beverages
  • Pharmaceuticals
  • Healthcare
  • Oil & Gas
  • Others

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• General Electric Company
• HORIBA, Ltd.
• Merck
• Siemens AG
• Teledyne Technologies Incorporated
• Thermo Fisher Scientific, Inc.
• 3M
• Emerson Electric Co.

Competitive Landscape

Key players competing in the global air quality monitoring system market are General Electric Company; HORIBA, Ltd.; Merck; Siemens AG; Teledyne Technologies Incorporated; and Thermo Fisher Scientific, Inc.; 3M; and Emerson Electric Co.

Some of the majority of service providers have launched latest enterprises' air quality monitoring systems. Companies are also building cloud-based dashboards that provide real-time data on the city's air quality and are likewise focusing on increasing their manufacturing capacity.